...they must fully consider the three aspects and their code of conduct and mission statement should firmly conform to the ten principles of the UN Global Compact (see UN Global Compact 2011). Just like many multinational organizations, Ericsson has been recognized as a leading provider of telecommunications facilities and services to mobile and fixed network operators internationally. There are more than 1,000 networks allocated in 180 countries and it takes up 40 percent market share globally (Company Facts 2011). However, although Ericsson has made the great contribution to the environmental aspect such as enabling a low-carbon economy, reducing environmental impact and facilitate people to communicate around the world (Ericsson: Sustainability and Corporate Responsibility 2011), the company still has been criticized on social human right and any other issues. This paper mainly examines how the Ericsson has performed socially responsible and sustainable in relation to the Environmental aspect; and also analyzes the failure in social aspect-child labor scandal and its negative impact on the society. It examines their misconduct on Child labor case thereby causing negative social performance Case for Ericsson Ericsson fully utilizes its life cycle method and Design for Environment (DfE) techniques to point out and reduce negative environmental impact. The company’s LCA...
Words: 1799 - Pages: 8
...DFT-VI ROLL-1O 12/4/12 INTRODUCTION The United Nations Global Compact, also known as Compact or UNGC, is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights, labour, the environment and anti-corruption. Under the Global Compact, companies are brought together with UN agencies, labour groups and civil society. The Global Compact is the world's largest corporate citizenship initiative and as voluntary initiative has two objectives: "Mainstream the ten principles in business activities around the world" and "Catalyse actions in support of broader UN goals, such as the Millennium Development Goals (MDGs)."[1] The Global Compact was first announced by the then UN Secretary-General Kofi Annan in an address to The World Economic Forum on January 31, 1999[2], and was officially launched at UN Headquarters in New York on July 26, 2000. The Global Compact Office is supported by six UN agencies: the United Nations High Commissioner for Human Rights; the United Nations Environment Programme; the International Labour Organization; the United Nations Development Programme; the United Nations Industrial Development...
Words: 5634 - Pages: 23
...excellence and high performance standards and provide an environment for our people to realize their full potential”. (Sime Darby 2013) This statement shows that Sime Darby has a very high target to be the top one in the business market and to shows their responsibility to maintain and improve their commitment towards their consumer. It is their difference that makes Sime Darby to be successful today. This report will basically talk about the recommendation for Sime Darby to improve in this global community and for the other companies to follow the good things and to avoid the mistakes that the company had done in the previous years. Besides, this report will also analyze two out of ten principles of the UN Global Compact: Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and (The Ten Principles/ Principle 1 2013). Principle 9: encourage the development and diffusion of environmentally friendly technologies. (The Ten Principles/ Principle 9 2013) Four recommendations will be given in order to build...
Words: 1206 - Pages: 5
...Theme: International standards and principles on business and human rights Outline 1. UN Global Compact 2. Guiding Principles on Business and Human Rights At first sight, it is difficult to trace the connection between human rights and business. However, nowadays the proximity of these concepts has been developing rapidly and ceases to amaze. For many influential companies this direction has already become a mainstream. Companies can achieve real progress in observing human rights and at the same time succeed in conduct of business operations. Respect for human rights by commercial structures has become a "sign" of an ideal, socially responsible organization and comfortable for the best shots. With the support of business and other stakeholders, the UN Global Compact’s governance framework was adopted by then UN Secretary-General Annan on 12 August 2005 following a yearlong international process co-led by Georg Kell, Executive Director of the UN Global Compact and Professor John Ruggie, then Special Advisor to the Secretary-General. That process included studying networked governance models of other cutting-edge global action and solution networks and holding focus groups with participants and stakeholders, including governments, local networks, and academics. The resulting governance framework distributes governance functions among several entities so as to engage participants and stakeholders at the global and local levels in making decisions and giving advice...
Words: 3295 - Pages: 14
...Governance eJournal Faculty of Law 4-12-2007 Corporate Social Responsibility: Impact of globalisation and international business Kim Kercher Bond University, Kim_Kercher@bond.edu.au Recommended Citation Kim Kercher. (2007) "Corporate Social Responsibility: Impact of globalisation and international business" ,, . http://epublications.bond.edu.au/cgej/4 This Journal Article is brought to you by the Faculty of Law at ePublications@bond. It has been accepted for inclusion in Corporate Governance eJournal by an authorized administrator of ePublications@bond. For more information, please contact Bond University's Repository Coordinator. Corporate Social Responsibility: Impact of globalisation and international business Abstract [Extract] Corporate Social Responsibility (CSR) is associated with the conduct of corporations and in particular whether corporations owe a duty to stakeholders other than shareholders. Whilst the phrase ‘Corporate Social Responsibility’ may be gaining momentum, the concept itself is not new. The question as to whether corporations owe duties to broader stakeholders has been debated at various times throughout the twentieth century. Keywords corporate social responsibility, corporations, globalisation, international business This journal article is available at ePublications@bond: http://epublications.bond.edu.au/cgej/4 Corporate Social Responsibility ‐ Impact of globalisation and international business By Kim Kercher Date of publication: 11 December 2006 ...
Words: 6423 - Pages: 26
...Futures” means integration and balance of economic, environmental and social issues in the way we plan, execute and monitor our various businesses is critical to the further growth to be a leading multinational corporation delivering sustainable value to all stakeholders and success of the Sime Darby Group (Sustainability Report 2011) We are committed to making the Global Compact and its principles part of the strategy, culture and day-to-day operation of our company, and to engaging in collaborative leading others corporations to follow. This submission shows that we express our intent to advance principles one and eight of the ten principles of the UN Global Contract comply within our sphere of influence local network (Sustainability Report 2011). Principle 1: “Businesses should support and respect the protection of internationally proclaimed human rights.”(United Nation Global Compact, 2010). Principle 8: “Undertake initiatives to promote greater environmental responsibility.” (United Nation Global Compact, 2010) We have defined below two recommendations to sustainability goals to compliance principle one and eight 1. Increase awareness of implemented corporate policies to publish policies internally and externally and apply policies globally and across all operations of the company to respect human rights 2. Develop a Proactive Environmental Management Systems to increase the sustainable of businesses Recommendation 1 “Increase awareness of implemented...
Words: 1145 - Pages: 5
...2014 The UN Guiding Principles on Business and Human Rights-Introduction, practical relevance and critical analysis Xiaoxiao Ding Master in International Business and Sustainability ABSTRACT: due to the increasingly significant influence of the transnational corporations in industrial and commercial fields in modern society, especially in the spheres of environment and labor protection, more and more cases raised involving their infringements of the international human rights laws. On June 16, 2011, the United Nations Human Rights Council endorsed Guiding Principles on Business and Human Rights, providing guidance for the implementation of the United Nations " Protect, Respect and Remedy" Framework. In the form of " Soft Law", these principles specify what business enterprises should do to respect human rights and how to prevent the violations on human rights. This paper identifies the main idea of these principles, gives relevant practical references and analyzes these principles with a critical perspective. Contents 1. Introduction .............................................................................. 2 2. The development and content of UN Guiding Principles......... 3 2.1 Historical development of UN Guiding Principles ........................ 3 2.2 The main idea of the UN Guiding Principles ................................. 4 2.3 The legal framework of the UN Guiding Principles ...................... 5 3. Practical relevance of the UN Guiding Principles...
Words: 5077 - Pages: 21
...challenges for key stakeholders……….5-6 Implications for key stakeholders…………………......6 Reference………………………………………………7 Our pledge Here in Monsanto, our pledge is to provide a more comfortable place for future generations to live on. The core value of our company is to lead a better future for human beings, the environment and the local economies (Monsanto 2011) with the help of modem agricultural technologies and industrial practices. Our company has taken some practices and approaches to achieve the 10 principles of the UN Global Compact and, in this report we focus on 2 of these 10 principles (principle 6: The elimination of discrimination in respect of employment and occupation; Principle 8: Undertake initiatives to promote greater environmental responsibility) to clarify our positive and negative lessons learnt from those business practices and approaches. After that, we put forward several recommendations to improve our compliance to the two Global Compact principles within the local network and discuss the benefits, challenges and implications for company’s key stakeholders. Recommendation I In 1993, our company acquired the Ortho division from Chevron Chemical in St. Louis and paid 18.25 million to settle down the acquisition according to the agreement. Although our company retained 75% of the former employees of that division, the remaining previous employees was dismissed after the purchase (Robert Westervelt, 1996). Our company was sued by these former employees...
Words: 1217 - Pages: 5
...position of internationl mandatory regulation as opposed to the voluntary option. For these ends it will employ several actors such as the Global Compact in order to demonstrate the organisations who are leading the way in Corporate Social Responsibility. However, as the report will show, due to its predatory nature, financial sector requires more than voluntary organisations. The crux of the argument is that regulation needs to be international due to the interconnectedness and interdependence caused by globalisation, and it needs to be mandatory due to the predatory nature of the financial system. Introduction: In light of the 2008 financial crisis, this report will argue for international mandatory regulations in the financial sector to enhance its Corporate Social Responsibility (CSR). The banks for International Settlement and the Basel Committee have made positive steps to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide (Banks for International Settlement , 2012, [Online]). However, the crisis of 2008 and its devastating effects, not only showed that more effective mandatory regulation needs to be applied to control a predatory industry that is encompassed by unethical practice; but it also exposed the fact that we live in a globalised world. Initiatives such as the Global Compact have championed change in CSR, but are restricted by their...
Words: 3150 - Pages: 13
...DATED: 21-4-2016 SM 60.03 CORPORATE SOCIAL RESPONSIBILITY IN ISLAM SUBMITTED TO Prof. Willi Zimmermann SUBMITTED BY ASRLAN ASHRAF ST117493 WATAN YAR KHAN ST117487 ZAHBIULAH AHMADI ST118273 FUMIHIKO OJIRO ST117562 WEISI ZHAO ST118234 SCHOOL OF MANAGEMENT ASIAN INSTITUTE OF TECHNOLOGY CONTENTS Chapter 1: Introduction and Background 01 Chapter 2: The UN Global Compact And Islamic Perspective 03 The UN Global Compact 03 Islam and Human Right 03 1. Islam and Equality 03 2. Islam, Life and Security 04 3. Islam and Personnel Freedom 04 4. Islam Economic Social and Cultural Freedoms 05 Islam and Labor 05 Islam-Legal and Philanthropic Activities 07 Chapter 3: Islam beyond CSR 09 The Case of Moral and Ethical Economy and Individual Accountability 09 Conclusion 11 References CHAPTER 1 INTRODUCTION AND BACKGROUND Islam is derived from the Arabic root "Salema" which mean peace, purity, submission and obedience. In the religious sense, Islam means submission to the will of God and obedience to His law. Everything and every phenomenon in the world other than man is administered totally by God-made laws, i.e. they are obedient to God and submissive to his laws, they are in the State of Islam. Man possesses the qualities of intelligence and choice, thus he is invited...
Words: 6241 - Pages: 25
...Global risks: Economic Risks Risks in the economic category include fiscal and liquidity crises, failure of a major financial mechanism or institution, oil-price shocks, chronic unemployment and failure of physical infrastructure on which economic activity depends. Environmental Risks Risks in the environmental category include both natural disasters, such as earthquakes and geomagnetic storms, and man-made risks such as collapsing ecosystems, freshwater shortages, nuclear accidents and failure to mitigate or adapt to climate change. Geopolitical Risks The geopolitical category covers the areas of politics, diplomacy, conflict, crime and global governance. These risks range from terrorism, disputes over resources and war to governance being undermined by corruption, organized crime and illicit trade. Societal Risks The societal category captures risks related to social stability – such as severe income disparities, food crises and dysfunctional cities – and public health, such as pandemics, antibiotic-resistant bacteria and the rising burden of chronic disease. Technological Risks The technological category covers major risks related to the growing centrality of information and communication technologies to individuals, businesses and governments. These include cyber attacks, infrastructure disruptions and data loss. Ten Global Risks of Highest Concern in 2014 1 Fiscal crises in key economies 2 Structurally high unemployment/underemployment ...
Words: 3076 - Pages: 13
...Department of Business Administration BUSN69, Degree Project – Accounting and Auditing Master Thesis, 15 ECTS Spring 2014 The evolution of CSR Reporting in the Banking Sector of Greece An analysis of specific characteristics of CSR Reporting Author Papakostopoulos, Georgios Supervisors Jonnergård, Karin Loft, Anne 2014-10-20 1 2 Abstract Title The evolution of CSR Reporting in the Banking Sector of Greece An analysis of specific characteristics of CSR Reporting. Seminar Date 2014-06-02 Course BUSN69, Degree Project – Accounting and Auditing Author Georgios Papakostopoulos Supervisors Karin Jonnergård and Anne Loft Keywords Banks, CSR, Development, Reporting, Standardisation Purpose This thesis aims to examine the development of CSR reporting in the banking sector. The emphasis is set on a number of characteristics. Trends for standardization will be also examined Methodology The methodology undertaken is generally based on a qualitative research approach through a combination of content analysis with interviews. The research has a partly longitudinal, inductive and comparative character. Theoretical Perspectives The theoretical aspects that were used in the analysis were a combination of the theoretical framework of the Legitimacy, Stakeholder and Institutional theory with the reporting requirements from a number of standards, guidelines, initiatives and indices. Empirical Foundation ...
Words: 24865 - Pages: 100
...Green Banking Initiative: Opportunities for Bangladesh Dr. S M Ahsan Habib Professor and Director (Training & Research), BIBM The paper was presented at a seminar on Green Banking at BIBM on October 14, 2010 Green Banking Initiative: Opportunities for Bangladesh I. Introduction Banks that were once seen only as profit motive institutions have been adjusting to a more demanding market and to a more conscious society over last two decades. An increasing number of banks around the world are going green by providing innovative green products that cover financial services to support the activities that are not hazardous to environment and help conserve environment. A green bank is also called an ethical bank, a socially responsible bank, or a sustainable bank. The exact meaning of all these titles may not be same however they cover a lot of common activities and perceptions. At least, all these banks- in various ways and at different times- have engaged themselves in making a better future (Merzio 2007). The approach to green banking (GB) varies from bank to bank, however, broad objectives of green banks are to use their resources with responsibility avoiding waste and giving priority to environment and society. The public concern of the state of environment has been growing significantly in the last few years, mostly due to apparently unusual weather patterns, rising greenhouse gases, declining...
Words: 16618 - Pages: 67
...School of International Affairs, Management, and Urban Policy, The New School March 7, 2012 TABLE OF CONTENTS EXECUTIVE SUMMARY BACKGROUND AND PERSPECTIVES BACKGROUND AND ANALYSIS THE OECD, G77, G20, AND EU ON UPGRADING THE UN TAX COMMITTEE KEY INSTITUTIONAL PLAYERS ARGUMENTS FOR AND AGAINST A UN TAX BODY 3 4 8 12 17 REFLECTIONS AND RECOMMENDATIONS RELATIONSHIP BETWEEN OECD AND UN TAX COMMITTEE GLOBAL TAX POLICIES POLICY RECOMMENDATIONS 20 28 38 APPENDIX GLOSSARY AND ACRONYMS REFERENCES 44 48 52 2 Executive Summary The report provides an analytical view on the role of the United Nations in tax policy, highlighting the interventions made by and challenges to key players in attempts to streamline global tax cooperation. The first section of the paper provides a background on the importance of tax related issues, emphasizing its importance within the Monterrey Consensus. Debates are introduced between two key institutional players regarding global tax cooperation, the OECD’s Committee on Fiscal Affairs and the UN Tax Committee. Views from key players the OECD, Group of 77, Group of 20, and European Union are addressed in the areas of international tax cooperation, the inclusion of the developing world, and of the UN Tax Committee work in strengthening both areas (particularly the proposition to upgrade the Committee). Arguments for and against such an upgrade, as well as the interests of those involved, and how those interests couch their perspectives...
Words: 20133 - Pages: 81
...which is primarily descriptive and empirical. The third strand is the adoption of ethics or at least the trappings of ethics in businesses. This again subdivides into the integration of ethics into business and business practices on the one hand and the commitment to corporate social responsibility on the other. Business ethics was introduced into Europe and Japan in the 1980s although the term did not translate easily, and the development in each country varied from that in the United States because of socio-political-economic differences. It then 337 spread in a variety of ways to other parts of the world, each time with a different local emphasis and history. On the world-wide level it became associated with the UN Global Compact, initiated by the then UN Secretary-General Kofi Annan in an address to The World Economic Forum on January 31, 1999, and officially launched in July,...
Words: 7549 - Pages: 31
